The trend estimate for private sector other dwellings approved rose 3.1% in October and has risen for four months.

The seasonally adjusted estimate for private sector other dwellings approved fell 19.3% following a rise last month.

VALUE OF BUILDING APPROVED

The trend estimates for the value of building approved should be interpreted with caution. See the data notes on page 2 of this publication.

The seasonally adjusted estimate for the value of total building approved fell 7.2% in October. The seasonally adjusted estimate for the value of new residential building approved fell 0.3% while the value of alterations and additions approved rose 0.3%. The seasonally adjusted estimate for the value of non-residential building fell 14.4%.

NOTES

FORTHCOMING ISSUES

ISSUE

Release Date

November 2009

6 January 2010

December 2009

4 February 2010

January 2010

2 March 2010

February 2010

31 March 2010

March 2010

5 May 2010

April 2010

1 June 2010

CHANGES IN THIS ISSUE

A new base year, 2007-08, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2007-08. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of, but not the movements in, chain volume estimates.

REVISIONS THIS MONTH

Revisions to the total number of dwelling units approved in this issue are:

2008-09

2009-10

TOTAL

NSW

-

146

146

Vic.

-

167

167

Qld

220

46

266

SA

-

-

-

WA

-14

22

8

Tas.

-

4

4

NT

-

-

-

ACT

-

-

-

Total

206

385

591

DATA NOTES

The trend estimates should be interpreted with caution as the underlying behaviour of building approvals may be affected by initiatives within the Government stimulus package, which included the "Building the Education Revolution" (BER) program and the Social Housing Initiative as well as other developments associated with global economic conditions. BER impacts have been quantified and removed from the trend estimates because of its short term nature. For more details on trend estimates, please see paragraphs 20 to 23 of the explanatory notes.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Paul Pamment on Adelaide (08) 8237 7648.